XM licence record
Is XM regulated by the FSC (Belize)?
Yes, according to our records. XM is matched to a licence from the Financial Services Commission of Belize (formerly IFSC) (Belize). Confirm it on the register before relying on it.
Search the FSC (Belize) register FSC (Belize) warnings All XM licences
What the FSC (Belize) licence means
Our records show that, XM holds a licence from the Financial Services Commission of Belize (formerly IFSC) (FSC (Belize)), the financial regulator for Belize. We classify the FSC (Belize) as tier 4 — light / offshore. Light-touch offshore licensing, registration-only jurisdictions or self-regulatory dispute bodies. Minimal practical protection.
For XM clients whose account is held by its FSC (Belize)-regulated entity, the key protections are: compensation — No compensation scheme; retail leverage — No statutory cap; negative balance protection — not a regulatory requirement (may be offered contractually); client money — Licence conditions. Disputes can be taken to FSC Belize.
XM is also matched to licences from ASIC, CySEC, DFSA, FSCA, CMA (Kenya) and FSA (Seychelles). ASIC, CySEC, DFSA, FSCA and CMA (Kenya) are rated higher than the FSC (Belize) in our methodology, so if you are eligible for those entities you may get stronger protection.
Protection at a glance
- Regulator tier
- Tier 4 — Light / offshore
- Compensation scheme
- No compensation scheme
- Retail leverage
- No statutory cap
- Negative balance protection
- Not a regulatory requirement
- Client money
- Licence conditions
- Complaints
- FSC Belize
How to verify this licence
- Open XM's client agreement or website footer and note the exact company name and FSC (Belize) licence number.
- Search that name or number on the official FSC (Belize) register. Check the status is current, not cancelled or suspended.
- Confirm the website domain you're using (xm.com) is the one listed on the register — clone firms copy genuine licence numbers.
- Search the FSC (Belize) warnings page and IOSCO I-SCAN for the brand name.
XM's other licences
Frequently asked questions
Is XM regulated by the FSC (Belize)?
Our database records XM as holding a licence from the Financial Services Commission of Belize (formerly IFSC). Confirm the current status on the FSC (Belize) register: https://www.fscbelize.bz/licensees/
Does the FSC (Belize) licence protect all XM clients?
No. It protects clients whose account is with the specific XM company licensed by the FSC (Belize). Clients onboarded to a different group entity are covered by that entity's regulator instead.
Is there a compensation scheme for XM clients under the FSC (Belize)?
No compensation scheme
What leverage can XM offer under the FSC (Belize)?
No statutory cap